|SIP scheme||5 years’ return||3 years’ return|
|HDFC Small Cap Fund||24.31%||21.52%|
|ICICI Prudential Balanced Advantage Fund||14.39%||9.16%|
|Kotak Standard Multicap Fund||3.56%||-1.28%|
|L&T India Prudence Fund||18.36%||10.03%|
Which bank is best for SIP investment?
5 Best Banking Funds SIP To Invest In India 2021
|Banking Mutual Funds||1 Year Return||5 Years Return|
|SBI Banking & Financial Services Fund||83.11%||20.01%|
|Tata Banking and Financial Services Fund||71.13%||19.5%|
|Invesco India Financial Services Fund||74.97%||18.25%|
|Sundaram Fin Services Opp Reg||81.58%||16.63%|
Which SIP should I invest in 2021?
Top Performing SIP Mutual Funds to Invest in May 2021
|Fund Name||Category||3 Year Returns|
|Canara Robeco Equity Taxsaver fund||Equity Linked Tax Savings Fund||15.20%|
|UTI Nifty Index Fund||Index Equity Mutual Funds Growth||11.60%|
|HDFC Index Nifty 50 fund||Index Equity Mutual Funds Growth||11.40%|
Which SIP is best for 5 years?
Best SIP Plans for 5 Years in Equity Funds
- Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. …
- ICICI Prudential Blue chip Fund. …
- SBI Blue chip Fund. …
- Mirae Asset Large Cap Fund. …
- SBI Multicap Fund.
Can I lose money in SIP?
SIPs have losses
But as the market keeps falling and you continue to invest your average cost fall. You will be buying more units at a lesser cost. The primary advantage of SIP is to lower the average cost of buying mutual funds. SIPs work well in a falling market condition or volatile markets.
Can SIP make you rich?
If you invest just Rs 10,000 per month in an equity fund through SIP for 30 years, you can accumulate a corpus of Rs 3.53 crore. The power of compounding grows wealth and makes you rich. … Actual returns vary depending on the markets and the fund.
Is SIP tax free?
Every SIP instalment into an SIP counts towards tax deductions under Section 80C. You can claim a tax rebate of up to Rs 1,50,000 and save up to Rs 46,800 a year in taxes.
Which is better SIP or stocks?
So, a SIP in a mutual fund gives you the benefit of being exposed to lower concentration risk as compared to a SIP in stocks. Finally, the secret of creating enduring wealth from the stock market is periodically tracking the business or the sector that you have parked your money in.
Which SIP is best for 3 year?
Top SIP Mutual Funds in India
|SIP Plans||Type||3 Year|
|HDFC Prudence Fund(G)||Balanced Fund||9.02%|
|HDFC Small Cap Fund||Equity Fund||21.52%|
|ICICI Prudential Balanced Advantage Fund||Balanced Fund||9.16%|
|ICICI Prudential Equity & Debt Fund||Equity Fund||11.11%|
Which app is best for SIP?
Top 5 Apps To Invest in Mutual Funds in India
- Coin by Zerodha. Download App: Android | iOS. …
- Groww. Download App: Android | iOS. …
- PayTM Money Mutual Funds App. Download App: Android | iOS. …
- Kuvera. Download App: Android | iOS. …
- ETMONEY. Download App: Android | iOS.
Is investing in SIP safe?
A systematic investment plan (SIP) has to be designed for the long term. The answer to the question, “Is it safe to invest in SIPs” would be; it depends. … SIPs have the potential to generate wealth with low levels of risk over time.